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Ciena Corporation (CIEN) and Colt Technology Services Complete Quantum-safe Data Transmission
Insider Monkey47d agobearish
Ciena Corporation (CIEN) and Colt Technology Services Complete Quantum-safe Data Transmission

Ciena Corporation (NYSE:CIEN) is among the Best Photonics Stocks. On June 10, Ciena Corporation (NYSE:CIEN) and Colt Technology Services reported they completed a transatlantic trial transmitting safe quantum data at 800GbE across 6,900km between New York and London. It marked one of the fastest demonstrations of its kind. The companies stated that the test used Ciena’s […]

Why Is CIEN Stock Falling Today?
Stocktwits62d agobearish
Why Is CIEN Stock Falling Today?

Ciena stated that the firm and its peers face shortages of critical components amid surging demand from hyperscalers and artificial intelligence customers.

Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
24/7 Wall St.90d agobearish
Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools

The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools